From top business schools reporting competitive acceptance rates, to a spike in GRE test takers, to the true cost of an online MBA, to one HBS student who cashed in when she dropped out, let’s dig into the latest headlines in MBA news and business school admissions. Please leave your comments below…we know our readers aren’t shy.
Top business schools remain VERY competitive
Although applications to some top business schools were down a bit in the last cycle, the reality is that gaining admittance to an elite MBA remains extremely difficult. Just how competitive are these programs? The University of Chicago’s Booth School of Business posted an acceptance rate of 24%, while the Wharton School at the University of Pennsylvania reported an acceptance rate of about 21%. The University of California Berkeley’s School of Business and MIT Sloan’s admit rates are a mere 13% and 14%, respectively…. Read full post
GMAT or GRE?
I am currently working with several students who are interested in online MBA programs. Each has his or her own reasons for taking this track to an MBA degree, but they all generally share an appreciation for the flexibility of working through the curriculum that will ultimately get them to that degree. All have also expressed similar concerns about feeling isolated and trepidation over the reality of distance learning over the long term. Still, after weighing the externalities, they are happy with the decision to take the online route.
Comparatively, these folks are in a small minority of the GMAT test preppers I deal with on a daily basis. Most of my clients are interested in traditional full- or part-time MBA programs at established brick-and-mortar universities. Despite barreling mercilessly into a tech-filled future, everyone initially holds a view of education that is essentially the same: you go to … Read full post
Every once in a while, a concerned business school candidate calls us and says something like “BSchoolHope1 wrote that Wharton won’t read past the 500-word limit, but PennLove08 wrote that 10% over the limit is fine. Meanwhile, WannabeTuckie says…” Some of you may be guffawing as you read this, but the truth is that many people have difficulty not reading the various message boards, and some have even more difficulty not believing everything they read there. So, at the risk of stating the obvious, message boards are completely unregulated, and the opinions expressed by the anonymous posters should be viewed skeptically. For every individual who claims to know something authoritatively, there is always another individual who claims to know that the opposite is true. Round and round we go…
So, our message here is to ignore anonymous posters. Although this should be valuable advice for you now, as you complete … Read full post
By Guest Author, Richard Burns; provided by TopMBA.com
Recently there has been an influx of institutions and business schools offering online MBA programs. Depending on the institution, these online MBA programs are called anything from ‘blended learning MBAs’, to ‘e-learning MBAs’, and from ‘fast track MBAs’, to the more traditionally branded ‘distance learning MBAs’.
Online MBA courses are designed for convenient access from anywhere in the world with an internet connection. If they choose, students can embark on the tough challenge of studying part time while working to pay the bills, looking after a family, or even studying full time on the opposite side of the world from where the actual business school is based.
For clarification, TopMBA.com defines online MBA programs as courses that are taught solely online, without visiting the school. Distance learning MBA programs are hybrid courses, where the predominant mode of study is online, but the … Read full post